Svyazinvest ups CAPEX

12 Feb 2008

Russia’s state-backed telecoms holding company Svyazinvest increased its capital expenditures in 2007 to RUB38.2 billion (USD1.54 billion) from RUB37.9 billion in 2006. According to a report from Ros Business Consulting, RUB14 billion of the total was used to develop new fixed telephony services. Svyazinvest dominates Russia’s wireline market via its stakes in the country’s seven mega-regional operators.

Russia, Svyazinvest